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BACS

BACS (Bank Automated Clearing System) provides simple electronic payment and/or collection of monies owed from either the sales, purchase or nominal ledgers.

Direct Debit

Suppliers may be paid automatically by Direct Debit. All required payments are scheduled and may be amended before a list of payments to be made is sent to the bank.

The cost of payments by Direct Debit is dramatically lower than those made by cheque. Savings vary depending upon the bank but are always significant.

Save on the cost of pre-printed cheques, remittance advice's and postage.

Invoicing due amounts

Invoice due amounts may be collected automatically from customers by Direct Debit with their consent.

Combine Direct Debit agreement discount with our invoice surcharging facility and the effect on the age of debt and the cashflow can be dramatic.

The cost of collections by Direct Debit is dramatically lower than paying cheques or cash into your bank account. Savings vary depending upon the bank used but are always significant.

Save on the cost of credit control and bank interest charges.

Payments facility

Use the miscellaneous payments facility to pay debts which do not go through the sales ledger or the purchase ledger e.g. payroll, loan repayments.

Payments may also be made directly in the BACS software if there is no link required to Crown Software.

Bottomline Technologies

All of Major Projects BACS facilities work by providing an interface to Botomline Technologies BACS software.

To visit the Botomline Technologies website click here

 

For further information e-mail:info@major-projects.co.uk
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